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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)

A) Manage Stock Grants >> Import Items
B) Manage Stock Grants >> Import Category
C) Manage Stock Grants >> Prepare Import Spreadsheet
D) Manage Stock Grants >> Import Source

2. A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)

A) Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
B) Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the optionssuch that any payroll element can be associated with only one plan and option.
C) Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.
D) Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profilesassociated, and use different payroll elements for each of them.

3. Your client wants you to create a single Compensation Change statement that includes compensation awarded formultiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

A) This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client.
B) Create a custom data model that can pullcompensation awarded from different plans and display the data using a BI publisher layout.
C) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
D) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.

4. Which three dates are mandatory while creating plan cycles? (Choose three.)

A) Worksheet Update Period Start Date
B) Evaluation Period Start Date
C) HR Data Extraction Date
D) Performance Rating Date
E) Default Due Date
F) Plan Access Start Date

5. An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)

A) weekly, because the employee is on a weekly payroll
B) hourly, because the employee has hourly pay
C) annually, because the history must always be shown with annual amounts
D) the frequency of theemployee's salary basis

Solutions: